Turmeric On NCDEX Settled Down By -0.94% At 6738

Turmeric on NCDEX settled down by -0.94% at 6738 on profit booking after prices gained on rising domestic as well as exports demand at the spot market. Heavy arrivals of new season crop from the producing regions also weighed on prices. Country exported about 74,524 tons; up by 32% during April-Nov period compared last year exports of 56,471 tons. New crop arrivals have started in all the major producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha. Production in the ongoing season is expected to increase mainly on higher sowing area and favourable weather conditions in Maharashtra, Telangana and Andhra Pradesh etc. According to trade sources turmeric output is expected to be around 7.5-8 million bags.